other material
confidence high
sentiment positive
materiality 0.55
GrowGeneration authorizes $6M share repurchase program, first in company history
GrowGeneration Corp.
- Board authorized repurchase of up to $6M of common stock; program starts April 1 for one year.
- CEO states shares are undervalued, program part of shareholder value creation strategy.
- Repurchases may be made in open market; timing depends on stock price, market conditions.
- Company not obligated to repurchase any shares; program can be suspended or discontinued.